2 years ago
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
Soohoo.io, a South Korean steadfast that scans crypto contracts for fatal flaws, raised $4.5 cardinal successful a Series A backing circular to grow its existing merchandise suite.
The startup provides auditing to the IT arms of immoderate of South Korea's apical exertion firms, including Samsung SDS, SK Inc. C&C and LG CNS, done its proprietary bundle Odin, according to a property merchandise shared with CoinDesk.
"Through these partnerships, we are committed to gathering an impregnable situation for Korea's DeFi ecosystem," said Jisu Park, CEO and laminitis of Soohoo.io.
Soohoo.io has besides built a protocol to aggregate leveraged output farming products, aiming to centralize the "the fragmented landscape" of South Korean protocols, according to the property release. Dubbed Kleva, the protocol counts $500 cardinal successful full worth locked.
The backing circular was led by WeMade Tree, which runs a blockchain-based gaming level and is simply a subsidiary of South Korean video crippled developer WeMade Entertainment, known for its multiplayer online role-playing crippled "The Legend of Mir."
Simultaneously, Soohoo.io announced a concern with Lambda256, a subsidiary of South Korea's apical speech by volume, Upbit. Lambda256 – which offers blockchain-as-a-service products – volition usage Soohoo.io's Kleva and astute declaration expertise to motorboat a DeFi ecosystem, according to the property release.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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